Full-Time
No salary listed
Carnarvon, Australia
In Person
Company Size
10,001+
Company Stage
IPO
Headquarters
London, United Kingdom
Founded
1872
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Health Insurance
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Paid Vacation
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Bereavement Leave
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The mining industry, historically leisurely to adopt digital transformation, is now facing a convergence of pressures: dwindling ore grades, increasing
Rio Tinto and Prysmian have partnered on an industrial trial to produce low-carbon aluminium cables for the data centre market. The trial used aluminium from Rio Tinto's hydropowered Alma smelter in Quebec and material produced using ELYSIS technology, which eliminates direct greenhouse gas emissions from smelting and produces oxygen instead. The partnership builds on a five-year supply agreement signed in 2023, combining both companies' technologies to develop lower-carbon aluminium solutions for energy transmission and data centres. According to CRU, data centres represented approximately 7% of North American cable demand in 2025, with projected compound annual growth of around 17% between 2026 and 2030. The collaboration aims to support the data centre industry's expansion whilst helping customers meet sustainability objectives as aluminium gains market share in data centre infrastructure.
Rio Tinto has announced record copper and bauxite production for 2025 and completed its acquisition of Arcadium, whilst declaring an increased final dividend of 254 US cents per share, up from 225 US cents previously. The company doubled copper EBITDA to $7.4 billion and reported a 9% rise in underlying EBITDA. Shares are trading at £74.61, up 11.8% over 30 days and 62.2% over the past year. However, the Arcadium acquisition lifted net debt to $14.4 billion. Whilst management reaffirmed 2026 production guidance across key commodities, the dividend yield of approximately 3.98% is not well covered by free cash flow, making payout sustainability dependent on commodity prices and successful integration of Arcadium.
Nemaska Lithium, a lithium hydroxide supplier to LG Energy Solution, has secured a $300 million investment from Rio Tinto. The global mining company plans to acquire management control of Nemaska Lithium and invest the funds this year to expand lithium operations in Quebec.
The international mining group Rio Tinto acquired a majority stake in Nemaska Lithium in the Canadian province of Quebec. Following capital investments since March 2025, Rio Tinto now holds 53.9 percent of the shares. The government of Quebec holds the remaining 46.1 percent through its investment company, Investissement Québec. With its majority stake, Rio Tinto will take over direct operational management. Rio Tinto intends to implement its own processes and standards in the areas of development, operations, and sales. The goal is to establish an integrated lithium business in Quebec. This majority takeover follows Rio Tinto’s acquisition of Arcadium in March 2025, through which it initially acquired 50 percent of Nemaska Lithium. Nemaska Lithium operates a lithium hydroxide plant in Bécancour and a spodumene mine in the Eeyou Istchee James Bay region. By the end of 2025, 60 percent of the construction work at the Bécancour site was complete. According to Rio Tinto, the engineering work is finished. The plant is scheduled to begin operating in 2026. Initial production is expected in 2028. Rio Tinto is currently evaluating the future supply of spodumene for the plant. For this purpose, the Whabouchi mine and the company’s own Galaxy mine are being examined. The review is expected to be finished by the end of the first half of 2026. The Quebec government plans to invest up to US$200 million in the project. In turn, Rio Tinto plans to invest over US$300 million to expand its lithium business in Quebec in 2026. Source:https://www.riotinto.com/en/news/releases/2026/rio-tinto-assumes-majority-interest-and-management-responsibilities-at-nemaska-lithium